What to Expect from Roku's Earnings

Roku (NASDAQ:ROKU) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Roku to report an earnings per share (EPS) of $-0.32.

The market awaits Roku's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Past Earnings Performance

Last quarter the company beat EPS by $0.19, which was followed by a 3.96% drop in the share price the next day.

Here's a look at Roku's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.43

-0.61

-0.55

-2.04

EPS Actual

-0.24

-0.35

-0.55

-2.33

Price Change %

-4.0%

-10.0%

-24.0%

31.0%

Market Performance of Roku's Stock

Shares of Roku were trading at $76.05 as of October 28. Over the last 52-week period, shares are up 26.06%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Roku

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Roku.

The consensus rating for Roku is Buy, derived from 21 analyst ratings. An average one-year price target of $84.62 implies a potential 11.27% upside.

Peer Ratings Comparison

The following analysis focuses on the analyst ratings and average 1-year price targets of TKO Group Holdings, Warner Music Gr and Cinemark Hldgs, three ...